If you followed crypto news this month, you have certainly heard about the Canadian CEO who died and left locked away all the cryptos from his exchange. The case has been getting attention lately a the wallets have over $150 million USD from clients which are completely inaccessible at the moment.

The private Indian hospital in Jaipur in which Gerald Cotten, the CEO of the Canadian crypto exchange QuadrigaCX, was has decided to release an official report on his death. The hospital Fortis Escorts has affirmed that the man was admitted at the facilities on December 8, 9:45 pm IST and that he died of cardiac arrest on 7:26 pm IST on the following day.

Apart from this new report, we have already seen the statement of death which was issued by a local funeral home, J. A. Snow Funeral Home, and a death certificate from the Government of Rajasthan’s Directorate of Economics and Statistics.

All the reports so far seem to indicate the same thing: the man was brought to the hospital while having a crisis caused by Crohn’s disease and he was already being treated before, but he suffered a septic shock, which made his condition worse.

When he got to the hospital, he was vomiting, having crampy abdominal pain and watery stools. He was being accompanied by his wife Jennifer Kathleen Margaret Robertson when he died.

Then, he suffered the cardiac arrest and was revived by CPR, but his condition only got worse as he suffered a second cardiac arrest and finally died. According to the hospital, all guidelines and procedures were followed in order for the man to be treated, but he did not resist.

Rumors About the Death

Part of the reason why this report is receiving a lot of attention from the crypto media is that a lot of rumors and concerns were started as the CEO died. Many people cut away from their money and all sorts of rumors that the CEO was still alive and robbed people appeared, so many investors were very interested in the death reports.

Some people on social media are claiming that this is all part of an elaborate exit scam, despite the fact that it simply looks like something that is very hard to pull off.

At the moment, the exchange operators still do not know how to pay the customers as the money is locked away and not even Cotten’s widow how the password to reach the money.

The exchange has sought creditor protection recently and it is currently working on solving the situation. All the assets of Cotten were left to his wife and she is his estate’s executor.

Brazilian journalist who is interested in the future of the financial world. Has a special interest in the blockchain technology and the global financial markets. Covers economic and technology news with a focus on the fintech industry and has been writing about the cryptocurrency market since the start of 2017.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

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